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Newlyn, Penzance TR18

South West

£230,000
Listed on 16/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
775 sqft

Description

This three-bedroom semi-detached property is positioned in an elevated setting above the charming fishing village of Newlyn, providing scenic views that stretch over the rooftops to Mounts Bay and St. Michael's Mount. While the home is in need of modernisation, it presents a unique opportunity for investors and buyers looking to create their ideal living space or rental property. The majority of windows are uPVC double glazed, and there are gardens at both the front and rear, which could be transformed into attractive outdoor spaces. The layout includes a sitting room, dining room, and kitchen on the ground floor. Upstairs you'll find three bedrooms alongside a bathroom. The ground level also features a useful utility area located beneath the property and an outbuilding situated at the end of the rear garden, providing additional potential for storage or renovation projects. Newlyn boasts a range of local amenities such as shops, cafés, traditional pubs, restaurants, and galleries. It is home to notable spots like the 'Newlyn Filmhouse', adding to its cultural appeal. The larger town of Penzance is just a mile away, making it convenient for accessing broader services including schools and public transport connections. Inside, the entrance hallway welcomes you with stairs leading to the first floor and storage options beneath them. The sitting room features a front-facing uPVC double-glazed window with an unutilized fireplace that can remain as is or be restored for added character. A spacious dining room at the rear offers striking coastal views through its window while also housing another non-active fireplace along with built-in alcoves. The kitchen contains essential features including a stainless-steel sink and space for necessary appliances though it would benefit from updates to meet contemporary standards. Adjoining this space is a rear porch constructed with timber and glass that provides access to the garden. On the first floor, each bedroom offers distinctive characteristics — with one bedroom showcasing impressive views over Mounts Bay while another features built-in storage solutions. A family bathroom completes this level with standard fittings in place but offering ample scope for modern refurbishment. Outside, there’s gated access leading to a small lawned garden at the front while paths guide you around to several functional areas including a utility room equipped for laundry needs along with an outbuilding that could serve multiple purposes based on your vision for improving this property. With no onward chain, this home represents not only a residential opportunity but also an investment option within a popular area that has shown consistent rental demand. Whether seeking to renovate for personal use or as a rental venture in

Investment Analysis

(TR18 area)

Below Market Value

This property is priced -6.1% below area average per sq ft

-6.1%
Potential saving
This Property
£297/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£269,475
10% above area average per sq ft
Potential ROI
-0.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (TR18)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -4.6%
5 year growth: 17.4%
Investment Disclaimer: Analysis based on TR18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Newlyn, Penzance TR18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE